warrants

Look! Gold and Silver Company Warrants Dramatically Outperform …

Filed in African Gold, Bank Gold, Gold, o, warrants by on February 18, 2011 0 Comments

Isn’t it time investors, analysts and commentators conveyed the truth, the whole truth and nothing but the truth when it comes to investing in gold bullion and gold-related securities? This article will do just … Most financial writers and advisors are of the mistaken impression that warrants are just associated with penny stocks – the ‘juniors’ – but as the breakout of commodity-related companies with LT warrants*by market cap below shows that is not entirely the case: …

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Bank of Montreal in Deal to Acquire Marshall & Ilsley (BMO, MI)

Filed in dividend, earnings, Gold Investing, o, shares, warrants by on December 17, 2010 0 Comments

Bank of Montreal ( BMO ) and Marshall & Ilsley Corporation ( MI ) have announced that they have entered into a definitive agreement under which BMO will acquire all outstanding shares of common stock of M&I in a stock-for-stock transaction. Each outstanding share of M&I will be exchanged for 0.1257 shares of Bank of Montreal upon closing. Based on the closing share price of Bank of Montreal on the TSX of C$62.05 on December 16, 2010, the transaction values each share of M&I at USD $7.75. The transaction has an estimated internal rate of return to BMO of more than 15% and is expected to be accretive to BMO’s earnings in 2013, excluding one-time merger and integration costs of approximately C$540 million. The transaction is expected to generate annual run-rate synergies of approximately C$250 million which will be fully phased in by the end of fiscal 2013. As part of the agreement, BMO will purchase M&I’s TARP preferred shares at par plus accrued interest – with full repayment to the U.S. Treasury immediately prior to closing. M&I’s existing warrants held by the U.S. Treasury will also be purchased by BMO. The transaction, which has been approved by the BMO and M&I Boards of Directors, is expected to close prior to July 31, 2011. Bank of Montreal shares are down nearly 4% in the pre-market. The Bottom Line Shares of Bank of Montreal ( BMO ) have a 4.52% dividend yield, based on last night’s closing stock price of $61.66. Shares of Marshall & Ilsley ( MI ) have a .69% dividend yield, based on last night’s closing stock price of $5.79. Bank of Montreal ( BMO ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Marshall & Ilsley ( MI ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 2.7 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Whistleblower Speaks: The Truth Behind Foreclosures

Filed in Gold, Gold Market, lead, warrants by on October 19, 2010 0 Comments

This is a must-read… It was just too good, too unbelievable to pass up as a blog feature. It comes from the Zero Hedge blog… And if it’s true, the banks, and ultimately most of the US, is screwed. Try to enjoy. Here’s more from Zero Hedge: “Zero Hedge has been approached by an individual who participated directly in the various aspects of what is now broadly known as Fraudclosure . The below narrative recounts his experience in the due diligence process of selecting loans for the MBS pipeline. And far more than just legalese “technicalities” or a broad abrogation of property rights, as he points out there is a far more palpable issue for all those who hold Mortgage Backed Securities or other pool aggregations of mortgage loans: ” we have no idea what is in those packages .” This coming from the person who helped pick, diligence and sort through the various loans… Full exposition: The truth behind the foreclosure crisis. Yes, I am choosing to remain an anonymous coward. I just have been waiting this shoe to drop for a long time. The last thing I want to do is have to explain myself and get my ass sued for defamation. Not worth it. This much I can tell you. We have no idea what is in those packages. I personally packaged billions in MBS which have been placed on public shelves. Those assets were underwritten by Goldman, Morgan or name your investment bank. I started packaging loans as early as 2003, at the beginning of the crisis. After working for a large aggregator in New York, I joined GMAC. Those were good times. I worked directly with the traders to package assets that we would buy from our institutional clients and broker channel. It was the trader’s responsibility to close the deal with the underwriter. He would then hand the deal to the securitization group where it was managed by an asset specialist and a securitisation manager. We take the pool to the ratings agencies, …

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Citigroup (NYSE:C), Macquarie Acquiring OceanaGold (TSE:OGC), Shares, Warrants

In an effort to raise $152 million, OceanaGold (TSE:OGC), which is NZX-listed, is offering a private placement, with Citigroup Global Markets Canada (NYSE:C) and Macquarie Capital Markets Canada underwriting the placement, agreeing to acquire special warrants and common shares in OceanaGold for C$3.50 each.The purpose is to fund its gold and copper mine in the Philippines, while also expanding

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Feds Ignore Due Process, First Amendment, Shut Down Thousands of Blogs

Filed in Bank Gold, economy, Gold, Gold Spot Market, warrants by on July 18, 2010 0 Comments
Feds Ignore Due Process, First Amendment, Shut Down Thousands of Blogs

Kurt Nimmo Prisonplanet.com July 18, 2010 Once again, the Obama administration has violated the Bill of Rights. Earlier this month, the feds took down a free Wordpress blogging platform and disabled more than 73,000 blogs . The action was completely ignored by the corporate media. The site, Blogetery.com, was told by its hosting service that the government had issued orders to shut down the site due to a “a history of abuse” related to copyrighted material.                 In late June, Joe Biden and Intellectual Property Enforcement Coordinator Victoria Espinel said the government would move to take down sites offering unauthorized movies and music. “Criminal copyright infringement occurs on a massive scale over the Internet, reportedly resulting in billions of dollars in losses to the U.S. economy,” said Preet Bharara, the U.S. Attorney for the Southern District of New York. Bharara’s office and the U.S. Immigration and Customs Enforcement launched “Operation In Our Sites” and executed seizure warrants against nine domain names. Blogetery.com claimed the shut down of 73,000 blogs “was not a typical case, in which suspension and notification would be the norm. This was a critical matter brought to our attention by law enforcement officials. We had to immediately remove the server.” “That seems odd,” notes Techdirt , a website that covers government policy, technology and legal issues. “If there was problematic content from some users, why not just take down that content or suspend those users. Taking down all 73,000 blogs seems… excessive.” The DMCA’s takedown actions are a direct violation of the First Amendment under prior restraint. However, explains law professor Wendy Seltzer , because “DMCA takedowns are privately administered through ISPs… they have not received… constitutional scrutiny, despite their high risk of error.” Seltzer adds that “because DMCA takedown costs less to copyright claimants than a federal complaint and exposes claimants to few risks, it invites more frequent abuse or error than standard copyright law.” TorrentFreak worries that the Blogetery.com case has set a precedent. “Fears remain… that this action is only the beginning, and that more sites will be targeted as the months roll on. Indeed, TorrentFreak has already received information that other sites, so far unnamed in the media, are being monitored by the authorities on copyright grounds,” writes a blogger on the site. “They say it’s because of copyright infringement, but is it really?… it would seem that only sites/blogs which were streaming movies and TV shows were shut down initially, but upon further perusal, it seems like the Feds just arbitrarily shut down a server with several tens of thousands of bloggers on it without due process as is usual with this administration,” writes Smash Mouth Politics . “How soon before they find some reason to shut …

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Feds Ignore Due Process, First Amendment, Shut Down Thousands of Blogs

Filed in Bank Gold, economy, gld, Gold, Gold Spot Market, warrants by on July 18, 2010 0 Comments
Feds Ignore Due Process, First Amendment, Shut Down Thousands of Blogs

Kurt Nimmo Prisonplanet.com July 18, 2010 Once again, the Obama administration has violated the Bill of Rights. Earlier this month, the feds took down a free Wordpress blogging platform and disabled more than 73,000 blogs . The action was completely ignored by the corporate media. The site, Blogetery.com, was told by its hosting service that the government had issued orders to shut down the site due to a “a history of abuse” related to copyrighted material.                 In late June, Joe Biden and Intellectual Property Enforcement Coordinator Victoria Espinel said the government would move to take down sites offering unauthorized movies and music. “Criminal copyright infringement occurs on a massive scale over the Internet, reportedly resulting in billions of dollars in losses to the U.S. economy,” said Preet Bharara, the U.S. Attorney for the Southern District of New York. Bharara’s office and the U.S. Immigration and Customs Enforcement launched “Operation In Our Sites” and executed seizure warrants against nine domain names. Blogetery.com claimed the shut down of 73,000 blogs “was not a typical case, in which suspension and notification would be the norm. This was a critical matter brought to our attention by law enforcement officials. We had to immediately remove the server.” “That seems odd,” notes Techdirt , a website that covers government policy, technology and legal issues. “If there was problematic content from some users, why not just take down that content or suspend those users. Taking down all 73,000 blogs seems… excessive.” The DMCA’s takedown actions are a direct violation of the First Amendment under prior restraint. However, explains law professor Wendy Seltzer , because “DMCA takedowns are privately administered through ISPs… they have not received… constitutional scrutiny, despite their high risk of error.” Seltzer adds that “because DMCA takedown costs less to copyright claimants than a federal complaint and exposes claimants to few risks, it invites more frequent abuse or error than standard copyright law.” TorrentFreak worries that the Blogetery.com case has set a precedent. “Fears remain… that this action is only the beginning, and that more sites will be targeted as the months roll on. Indeed, TorrentFreak has already received information that other sites, so far unnamed in the media, are being monitored by the authorities on copyright grounds,” writes a blogger on the site. “They say it’s because of copyright infringement, but is it really?… it would seem that …

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Dividend Market-Up for July 16 (GE, BAC, GS, MA, V, MSFT, IBM, more)

Dividend Market-Up for July 16 (GE, BAC, GS, MA, V, MSFT, IBM, more)

Earnings season is really starting to kick into gear and we have seen a shift in reactions from early euphoria to disappointment surrounding key companies. Bank of America ( BAC ) , General Electric ( GE ) , and Mattel ( MAT ) were examples of companies that Wall Street is pushed the sell button on today. We have Mattel ( MAT ) on our recommended list, so we of course will be looking deeper at the company’s news to see if it warrants a downgrade. Getting back to the “lower highs” mention in our title today, there are quite a few stocks which, despite the gains the last few weeks, are actually trading lower than where they were 3-6 months earlier. From a technical standpoint alone, this is a concern. Stocks making lower highs tend to continue the pattern over time and we do look at this when we are evaluating turns in the market as well as economy. This is the problem with the short-term focus represented all over business television and other media. Good news from BP plc ( BP ) capping the oil leak yesterday suddenly brought the bullish case breakdown on the company. Yet no one mentioned the stock went from $62 to $26 and was back to only

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Fed Officials Offer Dim View on the Economy

Fed Officials Offer Dim View on the Economy

Filed under: Bad News , Politics , Headline News , Federal Reserve , Recession , Financial Crisis Atlanta Federal Reserve President, Dennis Lockhart , expressed concern that the recovery is so weak that the big D — deflation, or a dangerous drop in price levels, is a risk that warrants watching. He added that deflation discussion will likely be on the next Fed agenda. He said: “It’s appropriate to think about what we would do under a deflationary scenario.” He is more convinced than ever that short term interest rates remain at record lows. Fed board governor Elizabeth Duke said that full restoration of credit growth is likely to be years away. Continue reading Fed Officials Offer Dim View on the Economy Fed Officials Offer Dim View on the Economy originally appeared on BloggingStocks on Thu, 01 Jul 2010 15:30:00 EST. Please see our terms for use of feeds . Read | Permalink | Email this | Comments

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Weekly Grain Report

Filed in euro, Gold, silver, ubs, warrants by on June 24, 2010 0 Comments

ACRAGE NUMBERS NEXT Last report of the week came out with our Thursday weekly export sales report. Wheat sales continue good as our winter wheat harvest is underway making for availability at value. Sales last week were 725,000 thousand metric tons versus 584 a year ago with Asian markets in for half the amount but as usual our record ending stocks of 950 million bushels double prior-years leaves this good harvest demand ignored by traders. Wheat strength in pricing continues from short covering by trend following funds who entered this week short record 78,000 contracts. September wheat has support at 4.70 . This shouldn’t be taken out before next Wednesday’s USDA crop report as several issues look to see short covering by funds .One, funds early week should take short profits before month end so bonuses on profits taken can occur. Additionally hotter drier weather misses the upper spring wheat states looking to keep them too wet with lower crop condition numbers on Mondays condition report. A weekly close over 4.84 basis September futures sets up for 4. 94 then five dollars as next resistance. Export sales for beans came in at 308 thousand metric tons with China in for 64,000 metric tons and another 58,100 tons in the new crop year. We continue on a record export pace but slower than demand warrants as key world buyer China has overbooked their incoming ports ability to receive. Ships are 20 deep at sea parked and anchored awaiting a port to free up. This has had several times recently China rebooking receiving dates from old crop season delivery before September 1 to new crop year delivery after September 1. Any when you look at it, it’s a bullish demand scenario. Corn exports last week were 1.123 m.m.t. up 3% from the prior and 35% over a strong four-week average. We have come in over 1 million metric tons 10 of the last 12 weeks. China was in for 230,t.m.t. of the total with Asian neighbors 710,t.m.t. We keep pace again with what will be a record US corn export year and what looks to be a historic beginning for further record exports the next several years as feedlot populations of hogs and chickens expand at breakneck speed across Asian countries in need of feed to continue their expanding meat protein needs. With Pres. Obama lifting export barriers to promote US grain export expansion , you no longer just look at feed usage to our US feedlot populations , which are down, but to determine our grain to feed usage you must calculate US and foreign port animal feed numbers , in fact the foreign numbers more accurately predict our feed usage as its foreign needs that have had the extraordinary percentage change versus the small 2 and 3% usage changes here in the U.S. With continued dryness the next week in China and talk of a 15…

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Microsoft (MSFT): Poised for Long-Term Gains

Filed in Bank Gold, warrants by on June 14, 2010 0 Comments
Microsoft (MSFT): Poised for Long-Term Gains

Filed under: Microsoft (MSFT) , Newsletters , Stocks to Buy “Microsoft ( MSFT ) and its broad product line have become such staples of modern life that the company hardly warrants an introduction,” says money manager and newsletter advisor Jim Stack . The editor of Investech Market Analyst explains, “From its ubiquitous Windows operating system and Office productivity suite (Word, Excel, Outlook, etc.) to server products and entertainment devices, the vast majority of us use numerous Microsoft products every day. Continue reading Microsoft (MSFT): Poised for Long-Term Gains Microsoft (MSFT): Poised for Long-Term Gains originally appeared on BloggingStocks on Mon, 14 Jun 2010 13:40:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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XLNX Offers Notes, Share Buyback – Analyst Blog

Filed in Gold Investing, shares, warrants by on June 4, 2010 0 Comments

California-based chipmaker Xilinx ( XLNX ) announced the pricing of its $520 million of 2.625% senior convertible notes due in June 2017. The sale is expected to close on June 9, 2010. Initial purchasers of the notes will have the right to purchase up to an additional $80 million principal amount of notes, which the company states will cover, over-allotments. Interest will be payable on the notes semiannually and the notes will be convertible upon conversion. Upon conversion, Xilinx will pay cash up to the principal amount of the notes to be converted and deliver shares as per the conversion obligations. The initial conversion rate for the notes is 33.0164 shares of common stock per $1,000 principal amount of the notes. This equals to a conversion price of approximately $30.29 per share, a 20% conversion premium based on the closing price of Xilinx’s common stock of $25.24 per share on June 3, 2010.   Xilinx expects to receive net proceeds of $452.9 million from the offering, which will be used to repurchase shares for general corporate purposes. Of the total amount received, approximately $433.3 million will be used to repurchase shares under an accelerated share repurchase program, pursuant to an agreement with one of the initial purchasers or its affiliates. Meanwhile, Xilinx has entered into warrant transactions with affiliates of the initial purchasers of the notes, whereby it will sell warrants to purchase certain number of shares underlying the notes. The warrant transactions could have a dilutive effect to the extent that the market price of Xilinx common stock exceeds the applicable strike price of the warrants.  Xilinx has also entered into convertible note hedge transactions with affiliates of the initial purchasers of the notes, in order to limit potential dilution from conversion of the notes. In 2008, the Board approved a repurchase

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EIA: Hard Core Peak Oil Forecast

Filed in Gold, Gold Investing, Gold Prices, lead, warrants by on June 2, 2010 0 Comments
EIA: Hard Core Peak Oil Forecast

Today Econbrowser is pleased to host this guest contribution from Steven Kopits, who heads the New York office of Douglas-Westwood , energy business consultants. EIA: Hard Core Peak Oil Forecast by Steven R. Kopits The EIA has gone hard core. The EIA, the statistics arm of the US Department of Energy, recently released its International Energy Outlook (IEO) for 2010 . This is an important document for forecasters, as it represents the EIA’s integrated view of the global energy markets in the years to come and contains a long term forecast on the range of energy sources and CO2. Like it or hate it, the IEO is a touchstone for the energy industry and is treated as the authoritative government forecast in the press and in capital raising documents like prospectuses. It influences policy-makers, the media, public opinion and investors. What it says matters. And what does it say? That peak oil is all but on us. And that’s new. As recently as 2007, the EIA saw a rosy future of oil supplies increasing with demand. It predicted oil consumption would rise by 15 mbpd to 2020, an ample amount to cover most eventualities. By 2030, the oil supply would reach nearly 118 mbpd, or 23 mbpd more than in 2006. But over time, this optimism has faded, with each succeeding year forecast lower than the year before. For 2030, the oil supply forecast has declined by 14 mbpd in only the last three years. This drop is as much as the combined output of Saudi Arabia and China. EIA Forecasts of World Petroleum Liquids Production to 2030. Source: EIA IEO – 2007-2010. But that’s not the interesting part. The more salient development is the reduction in the forecast to 2020. Forecasts beyond ten years are highly uncertain and more subject to massaging and interpretation. Shorter term forecasts are more definite, and the forecasters are more accountable. As a consequence, the outlook for the short to medium term warrants greater attention. In the case of the EIA, the forecast changes most dramatically here. For the remainder of the decade, even though China would be expected to hit its stride for increased oil demand, the EIA sees no year in which liquids production will increase by even 1%. Petroleum liquids supply increases by an average of 0.6% per year from 2011 to 2020. In other words, the EIA is expecting the oil supply …

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